Squarepoint Ops LLC Sells 667,810 Shares of Lemonade, Inc. $LMND

Squarepoint Ops LLC reduced its position in shares of Lemonade, Inc. (NYSE:LMND) by 74.9% in the second quarter, Holdings Channel reports. The firm owned 224,307 shares of the company’s stock after selling 667,810 shares during the quarter. Squarepoint Ops LLC’s holdings in Lemonade were worth $14,591,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after purchasing an additional 404 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Lemonade during the second quarter valued at $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Lemonade during the fourth quarter valued at $33,000. NewEdge Advisors LLC purchased a new stake in shares of Lemonade during the first quarter valued at $35,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Lemonade during the fourth quarter valued at $38,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Stock Down 2.5%

NYSE LMND opened at $49.27 on Thursday. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90. The company has a market capitalization of $3.81 billion, a P/E ratio of -26.92 and a beta of 1.87. The stock’s 50-day moving average price is $58.13 and its 200-day moving average price is $58.40.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.56) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.56). The company had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The firm’s revenue was up 79.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.60) EPS. Research analysts anticipate that Lemonade, Inc. will post -1.85 EPS for the current year.

Trending Headlines about Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, with policies starting at $5 per month. The launch broadens the company’s geographic reach and customer base, supporting its strategy of using technology to offer low-cost insurance. Lemonade Expands Renters Insurance to Kentucky
• Positive Sentiment: CEO Daniel Schreiber argued that many U.S. drivers overpay because lower-mileage customers subsidize higher-mileage drivers. The comments reinforce Lemonade’s potential competitive advantage in data-based and usage-oriented pricing, although they do not include new financial guidance. Most Drivers Are Overpaying
• Neutral Sentiment: CFO Tim Bixby is scheduled to speak at the KBW Insurance Conference on September 10. Investors may look for updates on growth, profitability, and strategy, but the announcement itself provides no change to financial guidance. Lemonade CFO to Participate in Upcoming Investor Conferences
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating on LMND, indicating limited near-term conviction. The rating may restrain buying interest, particularly as Lemonade remains unprofitable and analysts expect a loss for the full year. Lemonade Given Consensus Rating of Hold
• Negative Sentiment: Insiders John Peters and Maya Prosor sold approximately $226,200 of LMND shares in recent transactions. The sales occurred under pre-arranged Rule 10b5-1 plans to cover tax withholding from vested equity awards, reducing their significance as a bearish signal, but they could still add modest selling pressure and investor caution. Lemonade Insider Selling

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LMND. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research report on Friday, July 17th. UBS Group set a $75.00 price target on shares of Lemonade in a report on Thursday, May 21st. Wall Street Zen lowered shares of Lemonade from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Morgan Stanley decreased their price objective on shares of Lemonade from $65.00 to $56.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Finally, Piper Sandler lowered their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

Insider Buying and Selling

In other news, insider John Peters sold 11,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total value of $578,050.00. Following the completion of the sale, the insider directly owned 76,942 shares of the company’s stock, valued at $4,043,302.10. This represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Maya Prosor sold 1,040 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $56,815.20. Following the sale, the insider owned 186,533 shares in the company, valued at $10,190,297.79. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 18,592 shares of company stock valued at $1,076,326. Company insiders own 12.20% of the company’s stock.

Lemonade Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.